Use the IS-LM model to analyse the effects of the following: (a) A decrease in taxation is
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Use the IS-LM model to analyse the effects of the following: (a) A decrease in taxation is cancelled by an increase in the money supply. (b) A boom in the stock market that makes consumers wealthier. (c) After a wave of credit card fraud, consumers use cash more frequently in transactions.
Related Book For
Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
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